Analysts’ Opinions Are Mixed on These Technology Stocks: RingCentral (NYSE: RNG), Mercury Computer (NASDAQ: MRCY) and Marvell (NASDAQ: MRVL)

By Austin Angelo

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on RingCentral (NYSE: RNG), Mercury Computer (NASDAQ: MRCY) and Marvell (NASDAQ: MRVL).

RingCentral (NYSE: RNG)

In a report released today, John Difucci from Jefferies reiterated a Buy rating on RingCentral (NYSE: RNG), with a price target of $38. The company’s shares opened today at $34, close to its 52-week high of $34.80.

According to TipRanks.com, Difucci is a top 100 analyst with an average return of 17.8% and a 72.7% success rate. Difucci covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Palo Alto Networks, and CommVault Systems.

Currently, the analyst consensus on RingCentral is Strong Buy and the average price target is $34.20, representing a 0.6% upside.

In a report issued on May 22, William Blair also maintained a Buy rating on the stock.
Mercury Computer (NASDAQ: MRCY)

In a report released today, Sheila Kahyaoglu from Jefferies reiterated a Hold rating on Mercury Computer (NASDAQ: MRCY), with a price target of $39. The company’s shares opened today at $40.35, close to its 52-week high of $41.49.

According to TipRanks.com, Kahyaoglu is a 4-star analyst with an average return of 7.8% and a 69.8% success rate. Kahyaoglu covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Transdigm Group Inc, and L-3 Communications.

Mercury Computer has an analyst consensus of Moderate Buy, with a price target consensus of $44.80.

Marvell (NASDAQ: MRVL)

In a report released yesterday, Mark Lipacis from Jefferies reiterated a Hold rating on Marvell (NASDAQ: MRVL), with a price target of $19. The company’s shares opened today at $17.67, close to its 52-week high of $17.76.

According to TipRanks.com, Lipacis is a top 25 analyst with an average return of 29.4% and a 80.9% success rate. Lipacis covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Activision Blizzard, and M/A-Com Technology.

Marvell has an analyst consensus of Moderate Buy, with a price target consensus of $19.77.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.